A surge in burn rate is seen as positive by Shiba Inu investors as it reduces the total supply, boosting demand and ultimately the price of the remaining tokens in circulation. Additionally, it signals devs’ commitment to increasing the meme coin price that tends to boost confidence and attract more investments. SHIB is up 1.87% … Read more
Binance’s CEO cautions investors about increasingly sophisticated crypto scams and offers guidance on navigating the industry’s future. Ponzi Schemes Are Getting Smarter—Binance CEO’s Urgent Safety Playbook Binance CEO Richard Teng shared safety advice on social media platform X on Wednesday, emphasizing the importance of vigilance against fraudulent investment schemes. He stated: Stay safe from Ponzi … Read more
The cryptocurrency market remains in a bullish phase, but on-chain data suggests caution, according to a new analysis published by CryptoQuant. The blockchain analysis firm noted that the cycle could be nearing its peak if investor sentiment reaches enthusiastic levels as Bitcoin continues to attract significant capital inflows. CryptoQuant’s analysis focuses on the value of … Read more
Bitcoin has been pushing higher over the past few days, fueled by positive sentiment following the U.S. Federal Reserve’s optimistic outlook on economic growth. The price remains above the critical $100K level, consolidating just below all-time highs as traders anticipate the next major move. One of the key drivers behind Bitcoin’s recent strength is the … Read more
While Grayscale’s application to the SEC to convert its XRP Trust into a spot XRP ETF excited XRP investors, a new move also came from Purpose Investments, which manages $23 billion in assets. Accordingly, Canadian asset management company Purpose Investments is preparing to launch the world’s first Ripple (XRP) spot ETF. At this point, the … Read more
Less than 24 hours after first rolling out its Dogecoin Trust, Grayscale shot their shot with the SEC to convert it into an ETF. As Cryptopolitan reported, the company had said at first that they were gonna wait until SEC chair nominee Paul Atkins gets confirmed by the Senate next week. But it seems like … Read more
Hungary is threatening to block EU sanctions against Russia, citing €19 billion in losses and accusing Brussels of failing to uphold energy security commitments, Prime Minister Viktor Orban warned. EU’s Russia Sanctions at Risk—Hungary Says Economic Damage Is Too High Hungary is prepared to block any further extension of European Union sanctions against Russia if … Read more
SBF’s political donations and recent conviction complicate his chances of receiving a pardon from Trump. Despite efforts, SBF’s odds for clemency remain low due to legal, political, and timing challenges. Sam Bankman-Fried (SBF), the founder of the now-defunct crypto exchange FTX, may have a long road ahead if he hopes for a presidential pardon. After … Read more
ECB’s Lagarde has said that BTC isn’t liquid, safe, and full of crime to be considered a reserve. But Bitwise’s Andre Dragosch has debunked these allegations. The crypto community has criticized Christine Lagarde, the president of the European Central Bank, for her opposition to a Bitcoin[BTC] reserve among member countries. In a recent presser, Lagarde stated, … Read more
Grayscale’s recent submission for an XRP ETF on the New York Stock Exchange has sparked significant excitement among cryptocurrency enthusiasts. With several asset managers now vying for a position in the XRP ETF race, speculations are rife about whether BlackRock will enter this competitive arena. FOX journalist Eleanor Terrett has indicated that further ETF filings … Read more